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California Probate Code 13050 Form: What You Should Know
The following must be stated in the declaration or agreement to claim the exclusion: Section 13050 Excluded Property. Section 13050. If any part of an exclusion described in Section 13050 is to be used or held by another person for any purposes, or is held or used by me by virtue of the rights and duties which arise therefrom, the part so held or used shall, for the purposes of the exclusion, be deemed to be excluded, and the person using, holding, or using the exclusion in any other manner, shall not be liable for the exclusion. For the purposes of this subsection, the term “excluded property” means that part of the net value of the excluded Property, or the difference between net value and fair market value, of the excluded Property for each taxable year during which such property was excluded from market value by virtue of such rights, duties, and duties. Any person claiming an exemption under this section is a person entitled to the benefits of this section. [1] A “separate estate” is separate property which remains after one estate has given up its rights in the separate property to take it without the other estate's consent. A separate estate may have to pay the other estate's costs. [2] The “net value” means net worth. A separate estate has to treat a separate property, net worth, of any part of a separate estate which it does not take as belonging to it without the consent of the first estate.
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